Copper - Review

Copper good fall from top and on 19th in has moved inside level confirming the trend reversal from bottom to top...

Now, how to take trade ?

19th, 1st Hourly bar closed inside and above blue level.....first confirmation...yes the trend is about to reverse...(Refer above chart).

Next, in Excel buy already executed and confirms the same...yes it is going to reverse....(refer below)..

So...Now..our action should be.....Enter into trade after closing of Bar and Stop Loss and Target...Simple....

Any trade.... ...Three Things are most important..

Entry Point confirmation
Stop Loss 
Target Levels

Profit Booking Level - 1st Target - after that you should protect your 1st target profit, if you want wait for 2 and subsequent targets......In trade...if any trade gives you profit first protect with s/l and run...otherwise exit with profit....Don't be greedy and don't run the profitable position into loss...

All learners...above post is to give guidance, how to interpret the chart and excel...just follow our Rule...success is sure if you apply the knowledge with our simple rule.....all other volume / EMA / DMA / Elliot Wave / Gann / MACD / RSI / Stohastics / CCI everything will follow us...by that time we will be exiting...

Be happy...Cheers...